Opec flashcard sets

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opec definitions
# Definition Sets
1organization of petroleum exporting countries52 sets
2an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum25 sets
3organization of petroleum exporting countries; international cartel that inflates price of oil by limiting supply; venezuela, saudi arabia and uae are prominent members6 sets
4organization of petroleum exporting countries- an internal economic organization whose member countries produce and export oil.5 sets
5organization of the petroleum exporting countries5 sets
6organization of petroleum exporting countries - an organization of about a dozen nations that sell oil to4 sets
7organization of petroleum exporting countries, founded in 19604 sets
8organization of petroleum exporting countries. an organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil-exporting policies and set prices.3 sets
9organization of petroleum exporting countries. these oil-rich countries control a significant portion of the world's oil. iraq is a member.3 sets
10organization for petroleum exporting countries3 sets
11organization of petroleum exporting countries, founded in 1960.3 sets
12an organization of countries formed in 1961 to agree on common policy for the sale of petroleum.3 sets
13organization of petroleum exporting countries. these oil-rich countries control a significant portion of the world's oil. iraq is a member of opec.3 sets
14the organization of petroleum exporting countries, a group established in 1960 by some oil- producing nations to coordinate policies on selling petroleum products2 sets
15blocked oil shipments to the us to protest us support for israel2 sets
16organization of petroleum extporting countries: set prices and production levels2 sets
17(organization of petroleum exporting countries) a cartel for petroleum2 sets
18organization of petroleum exporting countries; countries who are dedicated to the production of oil; mostly middle east, but not all; us imports a lot of oil from opec; determines how much we get and the cost; as the cost goes up by dollar, that’s when the gallons go up by 2 cents;2 sets
19the organization of the petroleum exporting countries2 sets
20abbreviation for the group of countries in the middle east who came together to charge a set price for oil2 sets
21an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum, organization of petroleum exporting countries2 sets
22organization of petroleum exporting countries. this is an organization for countries in the middle east mostly though some are in south american and else where of countries who export oil across the world.2 sets
23brother of wah2 sets
24organization of petroleum exporting countries- and internal economic organization whose member countries produce and export oil2 sets
25the organization of petroleum exporting countries, which decides the price and the amount of oil produced each year in iran, iraq, saudi arabia, kuwait, venezuela, and other countries.2 sets
26the arab-dominated company that became effective during and after the 1970s2 sets
27organization of petroleum exporting countries; oil rich countries control a significant portion of the world's oil; iraq is a member of opec2 sets
28an arab led organization. it reversed the decline the trend of decreasing crude oil prices by presenting a unified from against oil companies. it declared an embargo on oil shipments to the u.s. since they supported israel in the arab-israel war. (1019)2 sets
29formed by the oil-producing nations of the middle east designed as a monoply to control the supply and price of their oil2 sets
30prominent oil cartel2 sets
31(the organization of petroleum exporting counties) a group established in 1960 by some oil-producing nations to coordinate policies on selling petroleum products1 set
32organization of petroleum exporting countries- organized countries formed in 1961 to agree on a common policy for the sale of petro1 set
33a group of nations that works the set oil prices and production levels1 set
34organization of pertroleum exporting countries; an organization of countries (mostly middle eastern) formed in 1961 to control the supply and price of crude oil1 set
35made up of 12 countries and is a net porter of oil.1 set
36group of nations that sets oil prices and production levels1 set
37middle east 1914-present1 set
38supranationalism organization that unites the oil-bearing countries in the middle east1 set
39oil nations come together to determine price and how much to produce.1 set
40cartel of 12 oil exporting countries, most of which are arab. organization of the petroleum exporting countries1 set